Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13265941 2022-01-01 2022-12-31 13265941 2021-03-15 2021-12-31 13265941 2022-12-31 13265941 2021-12-31 13265941 c:Director1 2022-01-01 2022-12-31 13265941 c:RegisteredOffice 2022-01-01 2022-12-31 13265941 d:CurrentFinancialInstruments 2022-12-31 13265941 d:CurrentFinancialInstruments 2021-12-31 13265941 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13265941 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13265941 d:ShareCapital 2022-12-31 13265941 d:ShareCapital 2021-12-31 13265941 d:RetainedEarningsAccumulatedLosses 2022-12-31 13265941 d:RetainedEarningsAccumulatedLosses 2021-12-31 13265941 c:FRS102 2022-01-01 2022-12-31 13265941 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 13265941 c:FullAccounts 2022-01-01 2022-12-31 13265941 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Company registration number: 13265941







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022


LYNNE CLOSE LIMITED

































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LYNNE CLOSE LIMITED
 


 
COMPANY INFORMATION


Director
M McElduff 




Registered number
13265941



Registered office
Cheeca Lodge
Flower Lane

Godstone

Surrey

RH9 8DE




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


LYNNE CLOSE LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 3


 


LYNNE CLOSE LIMITED
REGISTERED NUMBER:13265941



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
 4 
3,333,570
2,442,437

Debtors: amounts falling due within one year
 5 
200
200

Cash at bank and in hand
  
469
548

  
3,334,239
2,443,185

Creditors: amounts falling due within one year
 6 
(3,345,684)
(2,448,324)

Net current liabilities
  
 
 
(11,445)
 
 
(5,139)

Total assets less current liabilities
  
(11,445)
(5,139)

  

Net liabilities
  
(11,445)
(5,139)


Capital and reserves
  

Allotted and called up share capital
  
200
200

Profit and loss account
  
(11,645)
(5,339)

  
(11,445)
(5,139)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M McElduff
Director

Date: 13 March 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


LYNNE CLOSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Lynne Close Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The significant accounting policies applied in the preparation of these financial statements are set out below.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

As at 31 December 2022, the company had net liabilities of £11,445 (2021 - £5,139). During the year the company had a property development in progress and the director believes that the going concern basis is appropriate.

  
2.3

Stocks

Work in progress is valued on the basis of direct costs incurred. A provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of the work in progress.

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (period ended 31 December 2021 - 1). 


4.


Stocks

2022
2021
£
£

Work in progress
3,333,570
2,442,437

3,333,570
2,442,437


Page 2

 


LYNNE CLOSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
100
100

Called up share capital not paid
100
100

200
200



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other loans
3,334,413
2,409,374

Trade creditors
330
-

Amounts owed to group undertakings
-
34,709

Other creditors
1,000
-

Accruals and deferred income
9,941
4,241

3,345,684
2,448,324


 
Page 3